It recorded a growth of 47% compared to the same period in 2020

Dubai real estate accounted for 69.5% of the total transactions of 4 emirates during the first quarter

  • 5800 real estate investors in Dubai during the first quarter of 2021. Archive

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The real estate sector in the UAE witnessed great activity during the first quarter of 2021, in a move that reflects the growth of one of the most important economic sectors in the country, according to the collected data issued by the competent authorities in the four emirates of the country: Dubai, Abu Dhabi, Sharjah, and Ajman. Which showed an increase in the value of real estate transactions to about 68.6 billion dirhams.

And real estate transactions in the Emirate of Dubai, during the first three months of 2021, recorded about 47.7 billion dirhams, a growth of 47%, compared to the same period in 2020, accounting for 69.5% of the total real estate transactions in the four emirates.

Trades

The activity recorded in the real estate sector is supported by huge trading operations, whether by local or foreign investors, to seize the attractive investment opportunities available in the sector, compared to other investment tools.

The collected data showed that the value of real estate transactions in the emirates of Dubai and Abu Dhabi amounted to 59.2 billion dirhams, which constitutes about 86.3% of the total real estate transactions in the four emirates covered by the monitoring.

Activity in the real estate market is expected to continue in the coming months, especially with the continued flow of foreign investments into the market, which means that 2021 will witness significant levels of activity in the sector.

Dubai's behavior

The value of real estate transactions in the Emirate of Dubai, during the first three months of 2021, amounted to about 47.7 billion dirhams, a growth of 47%, compared to the same period in 2020, according to statistics issued by the Dubai Land Department.

The number of investors in the real estate sector in Dubai reached more than 5,800 investors during the first quarter of 2021, which indicates the attractiveness of the sector.

Abu Dhabi real estate

In the Emirate of Abu Dhabi, the value of real estate transactions during the first quarter of 2021 amounted to about 11.5 billion dirhams, according to statistics issued by the Department of Municipalities and Transport, while the number of transactions executed in the sector reached 3,847 transactions, including transactions of land, buildings and real estate units.

Sharjah

In turn, the value of real estate transactions in the emirate of Sharjah amounted to 6.7 billion dirhams, during the first quarter of 2021, with a growth rate of 84.9%, compared to the first quarter of 2020, while the number of transactions executed during the same monitoring period reached 20,448 transactions, according to the report. Issued by the Real Estate Registration Department in the Emirate of Sharjah.

Ajman

In the Emirate of Ajman, the total value of real estate transactions, during the first quarter of this year, amounted to 2.7 billion dirhams, according to statistics issued by the Department of Land and Real Estate Regulation in the emirate, amid expectations that the pace of activity will continue in the coming months.

Dubai Land Department: 247 pledges of allegiance were registered, with a value of 695.8 million dirhams

Dubai ■ Emirates today /

Real estate transactions in the Dubai Land Department, yesterday, amounted to more than 1.4 billion dirhams.

The department stated in a statement that it witnessed the registration of 247 pledges of allegiance worth 695.86 million dirhams, including 32 pledges of land, worth 145.03 million dirhams, and 215 pledges of allegiance to apartments and villas, worth 550.83 million dirhams.

According to the statement, the most important land sales worth 11 million dirhams came in the "Sheikh Mohammed bin Rashid Gardens" area, followed by two pledges in the same area worth 10 million dirhams each.

"Al Habiya Fourth" topped the regions in terms of the number of allegiances, with 11 pledges worth 49 million dirhams, followed by "Sheikh Mohammed bin Rashid Gardens" with seven pledges of 60 million dirhams, and the third in "Al Yafra 2" with three pledges of three million dirhams .

A pledge of 69 million dirhams in the "Palm Jumeirah" area came as the most important sale of apartments and villas, followed by a pledge of 65 million dirhams in the same area.

In turn, “Al-Markadh” topped the regions in terms of the number of pledges of allegiance to apartments and villas, with 26 pledges of allegiance worth 43 million dirhams, followed by “Burj Khalifa” with 25 pledges of 54 million dirhams, and third in “Dubai Marina” with 23 pledges of 58 million dirhams .

Mortgages recorded a value of 721.71 million dirhams, including 29 mortgages of land, worth 300.15 million dirhams, and 68 mortgages for villas and apartments, with a value of 421.57 million dirhams. million dirhams.

As for the donations, six gifts were registered, worth 20.61 million dirhams, the most important of which was in the "Palm Jumeirah" area, with a value of 13 million dirhams, and the other in the "Al-Habibiya Sixth" area with a value of six million dirhams.

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